News
Important Only
Billionaire Ambani plans to take Reliance Jio public by mid-2026
Jio aims for IPO by first half of 2026Meta and Reliance announce $100 million joint ventureGoogle to establish Jamnagar Cloud region for RelianceBy Chandini Monnappa and Aleef Jahan C S Aug 29 (Reuters) - India's Reliance Industries RELI.NS is planning to take its telecoms and digital arm Jio...Reuters
11 minutes ago
ADM Announces Streamlining Of Soy Protein Production Network
Aug 29 (Reuters) - Archer-Daniels-Midland Co ADM.N:ADM ANNOUNCES STREAMLINING OF SOY PROTEIN PRODUCTION NETWORKARCHER-DANIELS-MIDLAND CO - TO CEASE OPERATIONS AT BUSHNELL, ILLINOIS PLANTARCHER-DANIELS-MIDLAND CO - TO CONSOLIDATE SOY PROTEIN OPERATIONS GLOBALLYReuters
21 minutes ago
RPT-COLUMN-A quiet revolution is unfolding in the mining sector: Andy Home
By Andy Home LONDON, Aug 29 (Reuters) - The world is going to need a lot of copper and other critical metals if it is going to pivot away from fossil fuels. But can the mining industry deliver? The challenges are huge. Ore grades at existing copper mines are steadily falling, big new discoveries ...Reuters
24 minutes ago
METALS-Copper set for 3% monthly gain on interest rate and demand hopes
By Polina Devitt LONDON, Aug 29 (Reuters) - Copper prices hit a five-week high on Friday, on track to end August with 3% growth, on expectations of a cut to U.S. interest rates and increased demand in September.Three-month copper CMCU3 on the London Metal Exchange rose 0.6% to $9,875 a metric ton...Reuters
43 minutes ago
July Total Demand Was Up 4.0% Compared To July 2024 - IATA
Aug 29 (Reuters) - JULY TOTAL DEMAND, MEASURED IN REVENUE PASSENGER KILOMETERS (RPK), WAS UP 4.0% COMPARED TO JULY 2024 - IATAPASSENGER DEMAND GROWS 4% IN JULY - IATAIN JULY INTERNATIONAL DEMAND ROSE 5.3% COMPARED TO JULY 2024 - IATAIN JULY DOMESTIC DEMAND INCREASED 1.9% COMPARED TO JULY 2024 - IATAReuters
an hour ago
Oil prices fall on expected weaker demand, but set for weekly gain
OPEC+ meeting in focusUncertainty over Russian supply impacts market sentimentRussian oil exports to India set to rise despite US pressureBy Seher Dareen Aug 29 (Reuters) - Oil prices fell on Friday, but were set for a weekly gain, tugged between uncertainty about Russian supply and expectations ...Reuters
an hour ago
RPT-BREAKINGVIEWS-Chips-for-rare-earths is US-China circuit breaker
By Robyn Mak HONG KONG, Aug 29 (Reuters Breakingviews) - Which will last longer: China's stranglehold on critical minerals including rare earths, or the U.S.-led grip on advanced chips? The answer will help shape relations between Beijing and Washington for years to come.The world's two l...Reuters
an hour ago
US low-value package tariff exemption ends, raising costs for shippers, consumers
Tariff exemption removal to disrupt e-commerce supply chainsCBP collects duties on all global parcel importsRetail analysts predict higher prices for e-commerce goodsMany postal services around world have suspended shipments of parcels to U.S.By David Lawder and Andrea Shalal WASHINGTON, Aug 29 (...Reuters
2 hours ago
Oil faces uphill struggle as supply glut worries mount
Aug 29 (Reuters) - Oil prices are unlikely to gain much traction from current levels this year as rising output from top producers adds to the risk of a surplus and U.S. tariff threats curb demand growth, a Reuters poll showed on Friday.
Reuters
2 hours ago
Significant increase in Russian Oil shipments to India expected in September – Commerzbank
Bloomberg data showed that Russian Oil exports to India fell by almost 40% compared to the previous week to just over 800,000 barrels per day, the lowest level since October 2022, unless there will be an upward revision, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
2 hours ago
GRAINS-Soybeans stay weak on Chinese demand worries
Soybeans set to the end week lower after two weeks of gainsPrices under pressure from U.S.-China trade tensions Corn firm on U.S. exports while wheat eases as supply buildsBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Aug 29 (Reuters) - Soybeans edged lower on Friday, remaining on course for...Reuters
2 hours ago
PRECIOUS-Gold set to post monthly gain; all eyes on PCE data
US dollar set for monthly loss of 2%Focus on US inflation data later todayLarger-than-expected uptick in PCE may be negative for gold - analystBy Ishaan Arora Aug 29 (Reuters) - Gold prices edged lower on Friday, but were set for a monthly gain ahead of U.S. inflation data that will provide more ...Reuters
2 hours ago
Russia's January-July fertiliser exports up 7%, lobby group says
MOSCOW, Aug 29 (Reuters) - Russia's fertiliser exports for the first seven months of the year rose 7% year on year to 26.1 million metric tons, with deliveries expected to hit a record high by the end of the year, the head of an industry lobby group said on Friday.Russia, the world's second-...Reuters
3 hours ago
IATA: July Total Demand Up 5.5% YOY
Aug 29 (Reuters) - IATA:JULY TOTAL DEMAND, MEASURED IN CARGO TONNE-KILOMETERS (CTK), ROSE BY 5.5% COMPARED TO JULY 2024 LEVELS - IATAJULY CAPACITY, MEASURED IN AVAILABLE CARGO TONNE-KILOMETERS (ACTK), INCREASED BY 3.9% COMPARED TO JULY 2024 - IATAReuters
3 hours ago
Novatek partially resumed processing at Ust-Luga complex, sources say
MOSCOW, Aug 29 (Reuters) - Russian energy company Novatek NVTK.MM partially resumed gas condensate processing at its complex in the Baltic port of Ust-Luga, two market sources said on Friday, after suspending the operations last weekend due to a fire after a drone attack.One of the three units at th...Reuters
3 hours ago
